Copper prices dipped on Thursday hit by concerns over demand in China, which is grappling with the worst resurgence of covid-19 cases since early 2020.
Copper for delivery in May fell 0.4% from Wednesday鈥檚 settlement price, touching $4.732 per pound ($10,410 per tonne).
[Click here聽for an interactive chart of copper prices]
The most-traded May copper contract on the Shanghai Futures Exchange聽was down 0.4% at 73,360 yuan ($11,552.57) a tonne.
China鈥檚 factory activity contracted in March as the economy faced renewed downward pressures from stringent covid-19 controls.
The country鈥檚 pledges to shore up its embattled property sector have done little to boost prospects for the sector, according to developers.
China will roll out policies to stabilise the economy as soon as possible as the downward pressure in the economy increased, state media CCTV quoted a cabinet meeting as saying on Wednesday.
Related: Miners need to invest over $100bn to meet copper demand
(With files from Reuters)